发布求助
文献互助 智能选刊 最新文献

Economics and Business Letters最新文献

筛选
英文 中文
The moderating role of board gender diversity between power-based corporate governance and tax aggressiveness 董事会性别多样性在基于权力的公司治理和税收积极性之间的调节作用
IF 0.9
Economics and Business Letters Pub Date : 2021-05-31 DOI: 10.17811/EBL.10.2.2021.104-147
Farzan Yahya, A. Manan, Muhammad Wasim Jan Khan, M. S. Hashmi
{"title":"The moderating role of board gender diversity between power-based corporate governance and tax aggressiveness","authors":"Farzan Yahya, A. Manan, Muhammad Wasim Jan Khan, M. S. Hashmi","doi":"10.17811/EBL.10.2.2021.104-147","DOIUrl":"https://doi.org/10.17811/EBL.10.2.2021.104-147","url":null,"abstract":"The purpose of this study is to explore the moderating effect of board gender diversity on the relationship between power-based corporate governance (CEO power and concentrated ownership) and tax aggressiveness. The sample of this study is based on 2,071 firm-year observations over the period 2010 to 2018. We employed two-step GMM estimations to account for endogeneity and other statistical biases. The results show that CEO power increases the likelihood of tax aggressiveness while the link between the large controlling shareholders and tax-avoidance activities is not statistically significant. Lastly, the findings suggest that powerful CEOs manipulate female directors to promote tax aggressiveness behavior.","PeriodicalId":43184,"journal":{"name":"Economics and Business Letters","volume":"10 1","pages":"104-147"},"PeriodicalIF":0.9,"publicationDate":"2021-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44882600","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 8
Who gains from economic freedom? A panel analysis on decile income levels 谁从经济自由中获益？关于十分位数收入水平的小组分析
IF 0.9
Economics and Business Letters Pub Date : 2021-05-31 DOI: 10.17811/EBL.10.2.2021.102-106
R. Lawson, J. Dean
{"title":"Who gains from economic freedom? A panel analysis on decile income levels","authors":"R. Lawson, J. Dean","doi":"10.17811/EBL.10.2.2021.102-106","DOIUrl":"https://doi.org/10.17811/EBL.10.2.2021.102-106","url":null,"abstract":"This paper revisits Saccone’s (2020) analysis of the impact of economic freedom on decile income shares for a panel of developed and developing nations during 1980-2014. Saccone found that higher levels of economic freedom corresponded with lower income shares for the bottom 8 deciles and higher shares only for the top 2 deciles. Instead of decile income shares, this paper focuses on the impact of economic freedom on decile income levels. We find that the income per capita for all 10 deciles increases as economic freedom increases.","PeriodicalId":43184,"journal":{"name":"Economics and Business Letters","volume":"10 1","pages":"102-106"},"PeriodicalIF":0.9,"publicationDate":"2021-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45268084","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
Decision process and preferences over risk under the “endogenous decision rule”: results from a group experiment “内生性决策规则”下的决策过程和风险偏好:来自群体实验的结果
IF 0.9
Economics and Business Letters Pub Date : 2021-05-31 DOI: 10.17811/EBL.10.2.2021.107-115
A. Morone, Simone Nuzzo, Tiziana Temerario
{"title":"Decision process and preferences over risk under the “endogenous decision rule”: results from a group experiment","authors":"A. Morone, Simone Nuzzo, Tiziana Temerario","doi":"10.17811/EBL.10.2.2021.107-115","DOIUrl":"https://doi.org/10.17811/EBL.10.2.2021.107-115","url":null,"abstract":"Recent literature on individual vs. group decision-making, in risky contexts, has brought about divergent results, mainly depending on the institutional rules through which groups take decisions. Some studies where group decisions relied on majority rule showed no appreciable difference between individuals and groups’ preferences, others where unanimity among group members was required found collective decisions to be less risk-averse than individual ones. We elicited groups’ preferences over risk using what we defined “endogenous-decision-rule”, i.e. leaving groups free to endogenously solve the potential disagreement among their members. Our results unambiguously show that individuals are more risk seeker than groups when facing gambles with positive expected payoff difference and more risk-averse in the opposite case.","PeriodicalId":43184,"journal":{"name":"Economics and Business Letters","volume":"10 1","pages":"107-115"},"PeriodicalIF":0.9,"publicationDate":"2021-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49123250","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Diesel prices in Brazil: A dynamic fractional integration analysis 巴西柴油价格：动态分数积分分析
IF 0.9
Economics and Business Letters Pub Date : 2021-05-31 DOI: 10.17811/EBL.10.2.2021.116-125
D. Quintino, P. Ferreira
{"title":"Diesel prices in Brazil: A dynamic fractional integration analysis","authors":"D. Quintino, P. Ferreira","doi":"10.17811/EBL.10.2.2021.116-125","DOIUrl":"https://doi.org/10.17811/EBL.10.2.2021.116-125","url":null,"abstract":"We investigate the behaviour of retail diesel prices in Brazil using fractional integration, with weekly data from January 2010 to April 2020. In this period, we have 3 episodes of relevant economic implications in the country under analysis: i) impeachment of the Brazilian President;ii) the lorry-drivers' strike;iii) the rise of the global Covid-19 epidemic. We use a sliding windows approach to analyze price dynamics over time. The results suggest that, at the beginning of the sample, prices were non-stationary and non-mean reverting. Over the time, diesel prices become non-stationary with mean-reversion in Midwest, South and Southeast regions, while in the North and Northeast we cannot reject non-stationarity and non-mean reversion (d > 1). Results are relevant for market agents and policy-makers, as it can be inferred whether exogenous shocks are temporary, despite taking some time to dissipate completely.","PeriodicalId":43184,"journal":{"name":"Economics and Business Letters","volume":"10 1","pages":"116-125"},"PeriodicalIF":0.9,"publicationDate":"2021-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43378258","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
On the hedging benefits of REITs: The role of risk aversion and market states 论REITs的套期保值收益：风险规避与市场状态的作用
IF 0.9
Economics and Business Letters Pub Date : 2021-05-31 DOI: 10.17811/EBL.10.2.2021.126-132
Rıza Demirer, Asli Yuksel, Aydin Yuksel
{"title":"On the hedging benefits of REITs: The role of risk aversion and market states","authors":"Rıza Demirer, Asli Yuksel, Aydin Yuksel","doi":"10.17811/EBL.10.2.2021.126-132","DOIUrl":"https://doi.org/10.17811/EBL.10.2.2021.126-132","url":null,"abstract":"We propose a dynamic, forward-looking hedging strategy to manage stock market risks via positions in REITs, conditional on the level of risk aversion. Our findings show that REITs do not only offer significant risk reduction for passive portfolios, but also offer much improved risk-adjusted returns with the greatest benefits observed for Australia, Canada and the U.S. Overall, our findings suggest that time-varying risk aversion can be utilized to (i) establish effective hedges against stock market risks via positions in REITS, and (ii) improve the risk-return profile of passive portfolios.","PeriodicalId":43184,"journal":{"name":"Economics and Business Letters","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2021-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46255558","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
The impact of economic crisis on cost structure configuration 经济危机对成本结构配置的影响
IF 0.9
Economics and Business Letters Pub Date : 2021-02-21 DOI: 10.17811/EBL.10.1.2021.87-94
Odysseas Pavlatos
{"title":"The impact of economic crisis on cost structure configuration","authors":"Odysseas Pavlatos","doi":"10.17811/EBL.10.1.2021.87-94","DOIUrl":"https://doi.org/10.17811/EBL.10.1.2021.87-94","url":null,"abstract":"The objective of this study is to examine the impact of economic crisis on cost structure configuration of companies. For this reason, an empirical study in the form of online survey has been carried out in 82 Greek manufacturing companies. We received data from two periods of great economic recession, namely during fall of 2013 and spring of 2015. Results indicated that companies most affected by the economic crisis, replaced fixed costs with variable ones. Cost structure configuration is the “tool” that companies used to limit the consequences of the crisis in their profitability.","PeriodicalId":43184,"journal":{"name":"Economics and Business Letters","volume":"10 1","pages":"87-94"},"PeriodicalIF":0.9,"publicationDate":"2021-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41449706","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
The effect of central bank transparency on inflation persistence 央行透明度对通胀持续性的影响
IF 0.9
Economics and Business Letters Pub Date : 2021-02-21 DOI: 10.17811/EBL.10.1.2021.58-68
Georgios Oikonomou, Stephanos Papadamou, Eleftherios Spyromitros
{"title":"The effect of central bank transparency on inflation persistence","authors":"Georgios Oikonomou, Stephanos Papadamou, Eleftherios Spyromitros","doi":"10.17811/EBL.10.1.2021.58-68","DOIUrl":"https://doi.org/10.17811/EBL.10.1.2021.58-68","url":null,"abstract":"In this paper, we examine the effect of central bank transparency on inflation persistence, using panel data analysis. The existing literature has shown a significant impact of central bank transparency on macroeconomic variables, such as inflation, but not many efforts have been made about its effect on inflation persistence. We use yearly data for 14 countries and the Eurozone (ECB). We find that monetary policy transparency has a negative statistically significant impact on inflation persistence, while controlling also for important variables such as GDP growth, interest rates, economic openness and unit labour cost.","PeriodicalId":43184,"journal":{"name":"Economics and Business Letters","volume":"10 1","pages":"58-68"},"PeriodicalIF":0.9,"publicationDate":"2021-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42539815","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
Do Korean chaebols practice noblesse oblige? Evidence from their CSR activities 韩国财阀的做法是贵人有责吗?企业社会责任活动的证据
IF 0.9
Economics and Business Letters Pub Date : 2021-02-21 DOI: 10.17811/EBL.10.1.2021.45-57
Ji Young Lee, 이지영
{"title":"Do Korean chaebols practice noblesse oblige? Evidence from their CSR activities","authors":"Ji Young Lee, 이지영","doi":"10.17811/EBL.10.1.2021.45-57","DOIUrl":"https://doi.org/10.17811/EBL.10.1.2021.45-57","url":null,"abstract":"This study analyzes the corporate social responsibility (CSR) activities of the Korean chaebols to establish whether these firms engage in social duties and practice noblesse oblige. To measure the extent of the CSR activities, we use the index of the Korean Economic Justice Institute (KEJI) from 2005 to 2017. We find that the level of the CSR activity among chaebol firms with weak governance is low. Moreover, we show that chaebol firms with credit rating concerns reduce their CSR activities. Overall, our results indicate that Korean chaebols tend to neglect the CSR activities.","PeriodicalId":43184,"journal":{"name":"Economics and Business Letters","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2021-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42464959","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The market demand- (and supply) curve paradox 市场需求（和供应）曲线悖论
IF 0.9
Economics and Business Letters Pub Date : 2021-02-21 DOI: 10.17811/EBL.10.1.2021.69-71
Kjetil K. Haugen, Knut Heen
{"title":"The market demand- (and supply) curve paradox","authors":"Kjetil K. Haugen, Knut Heen","doi":"10.17811/EBL.10.1.2021.69-71","DOIUrl":"https://doi.org/10.17811/EBL.10.1.2021.69-71","url":null,"abstract":"After many years of teaching utility maximization in Microeconomics a certain paradoxical puzzle has come to our attention. It is very simple and straightforward, but we still find it hard to explain it to students. Our hope is that the distinguished community of theoretical economists may help us solve this mystery. After all, we would find it extremely unlikely that we are the first persons to identify this paradox.","PeriodicalId":43184,"journal":{"name":"Economics and Business Letters","volume":"10 1","pages":"69-71"},"PeriodicalIF":0.9,"publicationDate":"2021-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45203332","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Determinants of internet use by the elderly in Spain: time dedicated to search and communications 西班牙老年人使用互联网的决定因素:用于搜索和通信的时间
IF 0.9
Economics and Business Letters Pub Date : 2021-02-21 DOI: 10.17811/EBL.10.1.2021.16-26
J. Campaña, R. Ortega
{"title":"Determinants of internet use by the elderly in Spain: time dedicated to search and communications","authors":"J. Campaña, R. Ortega","doi":"10.17811/EBL.10.1.2021.16-26","DOIUrl":"https://doi.org/10.17811/EBL.10.1.2021.16-26","url":null,"abstract":"Internet use reduces the isolation or exclusion of individuals in specific socio-economic groups and, consequently, increases the quality of life, with this being especially the case for the elderly. Knowing that the elderly are becoming particularly active in dedicating time to the Internet, we provide evidence of the time that Spanish individuals aged 65 and older dedicate to two online activities: search and communications. We estimate a SUR model with data from the STUS for 2009-2010. Our main results indicate that being male has a positive influence on the time devoted to search on the Internet. Furthermore, time devoted to both Internet activities increases with higher levels of education and at the highest level of individual health.","PeriodicalId":43184,"journal":{"name":"Economics and Business Letters","volume":"10 1","pages":"16-26"},"PeriodicalIF":0.9,"publicationDate":"2021-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45294224","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
首页 上一页 下一页 尾页
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整，为了账户安全，请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
请完成安全验证×
相关产品
×
本文献相关产品
联系我们：info@booksci.cn Book学术提供免费学术资源搜索服务，方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号：481959085
Book学术官方微信